Roku records platform revenue growth as OTT market rises

Online streaming giant Roku’s OTT platform revenue is currently booming with triple-digit growth in the last quarter. Reportedly, Roku had a 46% y/y increase in active accounts and 42% y/y growth in revenue per active account.

Growth of online Video streaming services, continued cord-cutting trends and internet penetration are few factors that have contributed to the upsurge of platform revenues of Roku. Roku’s gross margins in platform category were between 71% and 77% in the last four quarter based on big growth in user count and in revenue per user.